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20 Nov 2024
DOMS IPO: Charting Progress in Stationery Innovation
Introduction:
DOMS Industries Limited, a stalwart in the stationery and art product industry, recently hit the market with a Book Built IPO of Rs 1,200.00 crores. This comprehensive blog provides an insightful exploration of the DOMS IPO, covering subscription details, financial performance, and the company's commitment to expanding its product range.
Key Dates:
| Bidding Period | Allotment Date | Listing Date |
|---|---|---|
| December 13 to December 15, 2023 | December 18, 2023 | December 20, 2023 |
IPO Highlights:
| Issue Size | Fresh Issue | Offer for Sale | Price Band | Lot Size | Minimum Investment |
|---|---|---|---|---|---|
| Rs 1,200.00 Crores | 4,430,380 shares (Rs 350.00 Crores) | 10,759,493 shares (Rs 850.00 Crores) | Rs 750 to Rs 790 per share | 18 Shares | Rs 14,220 for retail investors |
Financial Overview:
| Total Issue Size | Shareholding Pre-Issue | Shareholding Post-Issue |
|---|---|---|
| 15,189,873 shares, aggregating up to Rs 1,200.00 Crores | 56,250,218 shares | 60,680,598 shares |
Shareholding Structure:
| Pre-Issue Shares | Post-Issue Shares |
|---|---|
| 100% | 74.97% |
IPO Management:
| Lead Manager | Registrar |
|---|---|
| JM Financial Limited, BNP Paribas, ICICI Securities Limited, and IIFL Securities Ltd. | Link Intime India Private Ltd |
Subscription Highlights:
The DOMS IPO witnessed an exceptional subscription of 99.34 times, demonstrating robust interest from investors across categories. The Retail Individual Investors (RII), Non-Institutional Investors (NII), and Qualified Institutional Buyers (QIB) actively participated in the subscription process.
IPO Journey Timeline:
| IPO Open Date | IPO Close Date | Basis of Allotment | Refunds Initiation | Shares Credited to Demat | Listing Date |
|---|---|---|---|---|---|
| December 13, 2023 | December 15, 2023 | December 18, 2023 | December 19, 2023 | December 19, 2023 | December 20, 2023 |
Market Maker Segment:
| Prabhat Financial Services | 193,000 shares |
|---|
Lot Size Details:
Investors had the flexibility to bid for a minimum of 18 shares, with various investment parameters for retail investors and High Net Worth Individuals (HNIs):
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 18 | Rs 14,200 |
| Retail (Max) | 14 | 252 | Rs 199,080 |
| S-HNI (Min) | 15 | 270 | Rs 213,300 |
| S-HNI (Max) | 70 | 1,260 | Rs 995,400 |
| B-HNI (Min) | 71 | 1,278 | Rs 1,009,620 |
DOMS IPO Reservation:
The IPO featured a reservation of 15,126,581 shares, strategically allocated to different investor categories, including Anchor Investors, Retail Individual Investors (RII), Non-Institutional Investors (NII), and Qualified Institutional Buyers (QIB).
About DOMS Industries Limited:
Established in 2006, DOMS Industries Limited stands as a prominent player in the stationery and art product domain. The company is engaged in designing, developing, manufacturing, and selling a diverse range of products under various brands, including DOMS, C3, Amariz, and Fixyfix.
Key Financial Indicators:
As of September 30, 2023, DOMS Industries showcased impressive financial figures:
| Metric | Values |
|---|---|
| Assets | Rs 829.46 Crores |
| Revenue | Rs 764.22 Crores |
| Profit After Tax | Rs 73.91 Crores |
| Net Worth | Rs 397.61 Crores |
| Reserves and Surplus | Rs 341.36 Crores |
Key Performance Indicators:
- - Market Capitalization: Rs 4,793.77 Crores
- - Return on Equity (ROE): 33.54%
- - Return on Capital Employed (ROCE): 33.31%
- - Debt/Equity: 0.28
- - Return on Net Worth (RoNW): 28.39%
Objects of the Issue:
The Net Proceeds from the IPO will be utilized for:
- - Financing the cost of establishing a new manufacturing facility to expand production capabilities for writing instruments, watercolor pens, markers, and highlighters.
- - General Corporate Purposes.
Conclusion:
DOMS Industries Limited, with its remarkable growth trajectory and innovative product range, has emerged as a significant player in the stationery and art industry. The IPO's stellar subscription rate reflects investors' confidence in the company's expansion plans and financial robustness. As DOMS Industries continues to fuel creativity and learning through its diverse product offerings, investors may consider this opportunity for medium to long-term growth in the dynamic stationery market.
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